AmTrust
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Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
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Surian will be responsible for state management and class appetite, while White’s new responsibilities include agent experience, product innovation, and third-party data strategy.
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The transaction includes the MGA’s underwriting team and renewal rights to the portfolio.
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Bublitz is one of five executives on the E&S team given expanded roles.
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The deal fits with a broader strategy of simplification that has already seen several disposals.
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Management should examine the relationship between company strategy, broader market cycles and short interest.
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The listing follows the IPO of insurance-focused Delwinds and Hippo’s union with another blank-check company at a valuation of $5bn.
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The carrier’s head of cyber, Aaron Basilius, says the market segment represents a huge opportunity.
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Pine Technology Acquisition Corp will focus its efforts on InsurTech.
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Jeffrey Batt and Michelle Ingrassia will work with Aaron Basilius, who joined from Munich Re last July.
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Lou Canaras now leads the energy division of AmTrust Title Insurance.
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Kodak shares leapt to a six-year high on July 29 as news emerged of an unusual $765mn loan from the US federal government to manufacture Covid-19 drugs.
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Aaron Basilius last month joined AmTrust as a senior vice president of cyber.
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The value of accounting adjustments made by Ronald Pipoly are said to have exceeded $300mn by the end of 2015.
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The carrier will offer workers’ comp cover through the digital portal.
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A New York judge dismissed a class action by investors, closing a long running legal chapter for the Stone Point Capital-owned company.
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Daniel Pacicco joins from Assurant, where he was chief accounting officer.
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The transaction reflects the seller's drive to focus on commercial lines and value-added services.
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Investors filed the proposed securities class action last March following the delisting of $1.2bn in preferred shares.
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Goldman Sachs will remain a minority investor in the company under the terms of the deal.
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The plaintiff is seeking up to $2mn in damages amid claims of a hostile work environment.
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Karkowsky became AmTrust CFO in 2017, having worked at the company in strategic development and M&A roles since 2011.
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Class underwriter Geoff Thrower and underwriter Karen Yeomans have worked in the London property market for over a decade.
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The mutual will transfer the financial risks book written from Zurich to one of three alternative European bases.
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A&H, US property cat and energy underwriters face redundancy as Canopius looks for deal synergies.
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Nationale Borg, Nationale Borg Reinsurance and AmTrust Insurance Spain have become part of Liberty.
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Jeff Lynn joins from Everest Re to lead the new business segment.
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A New York federal judge said "it's not enough" for investors "to prove an opinion is wrong".
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A shareholder’s lawsuit claims AmTrust purposely misled shareholders about the delisting to secure support for a buyout deal.
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A series of transactions that appear to benefit sister company AmTrust at its own expense raises questions about whose interest the firm is being run for.
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AmBest gave the company a stable outlook despite concerns about reserve adequacy.
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The general aviation portfolio has premium volumes of about $20mn.
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The acquisition builds on the 2016 purchase of MGA Arc Legal.
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A New York judge said KBW did not allege “any actual injuries” by claiming the move hurt its reputation.
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The carrier's statutory financial statements were criticised by a short seller for alleged misstatements.
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The company is fighting a lawsuit filed by KBW over the delisting of $1.2bn in preferred securities from the NYSE in connection with a buyout.
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The reinsurer has 180 days to comply with Nasdaq rules otherwise it will be delisted.
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AmTrust's preference shares will no longer be listed on the New York Stock Exchange after the company's board approved the move.
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